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Monday, November 04, 2019

Buhari’s Micro Pension Scheme Records Unprecedented Success

The success recorded by the Micro Pension Scheme recently launched by President Muhammadu Buhari is cheering news for Pension Fund Administrators in Nigeria. 

The PFA’s at a meeting in Abuja explained that despite challenges, the scheme is a huge success with 28,000 enrollees within just one year of its operation. E scheme was launched in Abuja with major stakeholders in attendance.

The pension scheme is designed for self-employed Nigerians to become part of the National pension scheme which will help them have a better quality of life in old age.

There are also indications that the National Pension Commission (PENCOM) which is the regulatory body for pension administrators in Nigeria plans to apply more technology to the scheme.

The ongoing data recapturing and registration is aimed at enabling transfers to the pension account of enrollees.


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